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sertanlavr [38]
3 years ago
12

Jerry lives in New Mexico and makes $52,000 a year. If the median annual income in New Mexico is $53,731 and the median annual i

ncome in the United States as a whole is $50,233, is Jerry likely to qualify for Chapter 7 bankruptcy?
Business
2 answers:
MAVERICK [17]3 years ago
8 0
Yes, Jerry is likely to qualify, since his yearly income is below the median annual income of New Mexico.
Anna [14]3 years ago
3 0

Answer:

Yes, Jerry is likely to qualify for Chapter 7 bankruptcy

Explanation:

A requirement to qualify for Chapter 7 bankruptcy is to have an income that is below the median level in the state that the person lives. So, considering that the median annual income in New Mexico is $53,731 and Jerry makes $52,000, he is likely to qualify for Chapter 7 bankruptcy.

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What would explain the rise of the almond industry in California?
AlexFokin [52]
 First, the conditions in the Central Valley of California are very favorable for growing almonds. The conditions include rich soil, a mild climate, abundant sunlight and good water supply. Also, the production of almonds from California has a higher yield than Spain which has been the world's top almond producer so California is competitive. 
8 0
3 years ago
The goal of any credit card holder should be to A. run up as much debt as possible. B. use the bankruptcy filing as a way to red
DedPeter [7]
The goal of any credit card holder should be to C.) AVOID EXCESSIVE CREDIT CARD DEBT.

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4 0
4 years ago
Blake is seeking to buy a mare that he can breed. Levi tells Blake about a horse that Levi wants to sell, stating that he (Levi)
kondaur [170]

Answer and Explanation:

From the following given case or scenario, we can state that Blake's lawsuit in order to rescind contract, it is more likely that the court might allow this rescission which was based on the mistake of the fact.  Here, in this particular case the fact being that Levi did not provide Blake with the correct facts and thus the transaction was based on wrong fact. Therefore, a rescission is more likely to happen.  

3 0
3 years ago
Why does the US import oil?
agasfer [191]

Answer:

C. because it does not produce enough oil.

Explanation:

Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.

Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.

The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.

6 0
3 years ago
Anderson Company has purchased a group of assets for $ 21 comma 100. The assets and their relative market values are listed belo
Sergeeva-Olga [200]

Answer:

$10,710

Explanation:

Given:

Total amount paid for assets = $21,000

Market value of assets

Land = $ 6,500

Equipment = $2,600

Building = $3,500

Total Market  value of Assets = $6,500 + $2,600 + $3,500 = $12,600

Computation :

Amount Debited to Land account = (Market value of particular assets / Total Market  value of Assets) x Total amount paid for assets

= ($6,500/$12,600) x $21,000

= 0.51 x $21,000

= $10,710

3 0
3 years ago
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